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Hub International acquires Ontario brokerage Sarjeant Insurance Brokers, second Canadian acquisition in one day

September 8, 2016 by Canadian Underwriter

Global insurance brokerage Hub International Limited announced on Thursday that it has acquired Barrie, Ont.-based Sarjeant Insurance Brokers Limited. Terms of the acquisitions were not disclosed. Hub has acquired the shares of Sarjeant, which specializes in providing property and casualty

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Hub International acquires New Dimensions Underwriters Ltd.

September 8, 2016 by Canadian Underwriter

Global insurance brokerage Hub International Limited has acquired Edmonton-based New Dimensions Underwriters Ltd. The terms of the acquisition of the managing general agency were not disclosed, notes a statement this week from Chicago-based Hub International, which provides property and casualty,

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Report details missed opportunities to stop OPM cyber breach

September 7, 2016 Eric Tucker - THE ASSOCIATED PRESS

WASHINGTON – It was time to purge the hacker from the U.S. government’s computers. After secretly monitoring the hacker’s online movements for months, officials worried he was getting too close to critical information and devised a plan, dubbed “the Big

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85% of polled companies victims of phishing scams in 2015, a 13% increase from 2014: Wombat Security

September 7, 2016 by Canadian Underwriter

More than 8 in 10 organizations were victims of phishing scams in 2015, a 13% increase over 2014, according to companies polled recently by Pittsburgh-based information security company Wombat Security Technologies. Wombat Security compiled data from the “millions of phishing

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Symcor announces strategic relationship with Majesco to deliver a cloud-based solution to Canadian insurers

September 7, 2016 by Canadian Underwriter

Symcor Inc., a Canadian provider of business processing and client communications management systems, announced on Wednesday a strategic relationship with Majesco, a global provider of core insurance software, consulting and services for insurance business transformation. The strategic relationship adds Majesco’s

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U.S. millennials may not view insurance as “boring” after all: Vertafore

September 6, 2016 by Canadian Underwriter

More than 90% of the millennials in the U.S. taking part in a Vertafore survey say they view the industry as fulfilling for long-term careers that meets important criteria commonly identified as essential for job satisfaction. The finding is at

News InsuranceMergers and AqcuisitionsProfessional Development

Christopher Schaper appointed chief executive officer of Marsh MGA Schinnerer Group

September 1, 2016 by Canadian Underwriter

Marsh has announced the appointment of Christopher Schaper as CEO of its managing general agent (MGA) business, the Schinnerer Group, effective immediately. In his role, Schaper will focus on the development and advancement of Marsh’s existing MGA businesses in Canada

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

Vericlaim Canada acquires RGM Claims Services

September 1, 2016 by Canadian Underwriter

Vericlaim Canada – a subsidiary of Sedgwick Claims Management Services, Inc. – announced on Thursday that it has acquired the assets of RGM Claims Services, Inc. Mississauga, Ont.-based Vericlaim Canada is a national provider of loss adjusting and claims management

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Social media the most dangerous medium for individual, corporate public image, new Canadian poll finds

August 31, 2016 by Canadian Underwriter

Social media is the medium most able to cause damage to the public image of an individual or organization, according to the results of a new Nanos Research poll. Toronto-based Signal Leadership Communication Inc. (SLC), a social PR consultancy for

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Industry must innovate or become irrelevant, conference speaker cautions

August 31, 2016 Angela Stelmakowich, Editor

The insurance industry will likely face what could be its biggest shift ever over the next decade and successful navigation will demand greater collaboration with a wider group of organizations, Mike Key, SAP’s vice president of business development, Global Core

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Customer expectations require carriers to move to digitalization

August 31, 2016 Angela Stelmakowich, Editor

There is a need to move beyond digitization to digitalization if insurance carriers expect to truly be prepared to address customer expectations in the digital age, Avi Greenfield, senior manager of product strategy for OpenText Exstream, said Tuesday at Insurance-Canada.ca’s

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Speed trumps quality for insurers working on digital experience: Executive Forum Speaker

August 30, 2016 Greg Meckbach, Associate Editor

Insurance companies aiming to create value for their customers would be well advised to look beyond the “front end” of their customer-facing computer applications, implement their services before their competitors and recognize the importance of the “geeks” in their organizations,